16-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
You can place your Trades as usual, except the stock purchased on 13-Sep-2024 will not be allowed to be sold on 16-Sep-2024. The settlement of funds/securities will be processed as detailed in the table below:
|
Segment |
Trade placed on |
Date of Settlement |
|
Equity |
13-Sep-2024 and 16-Sep-2024 |
17-Sep-2024 |
|
Derivatives (F&O) |
13-Sep-2024 and 16-Sep-2024 |
17-Sep-2024 |
Note: Stock purchased on 13-Sep-2024 will not be allowed to be sold on 16-Sep-2024. This change is only for double payin/payout of stock due to the settlement holiday on 16-Sep-2024, and is not a regular change.
Your credit balance for 16-Sep will not include the following:
|
Segment |
Account Balance Exclusions |
|
Equity |
Intraday Profits made on 13-Sep-2024 and 16-Sep-2024. |
|
Derivatives (Equity F&O, Currency & Commodity) |
Credits made from trades done on 13-Sep-2024 and 16-Sep-2024. |
Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.
